Classified Ventures, LLC to explore strategic option for its Apartments.com business

CHICAGO, Sept. 3, 2013 /PRNewswire/ -- Classified Ventures, LLC ("CV"), a leading provider of digital marketing solutions in the automotive and apartment rental categories, announced today that it has engaged Moelis & Company, LLC to help explore strategic alternatives for its Apartments.com business.

This process will not impact CV's Cars.com business.

Over the next few months, it is expected that the CV board of directors and management team will evaluate a variety of strategic options for the company's Apartments.com business which includes category-leading sites such as Apartments.com, RentalHomesPlus.com, and ApartmentHomeLiving.com.

No decision has been made to enter into any transaction at this time, nor is there any assurance that CV will enter into any transaction in the future.